Presented By :-

Pradeep Kumar. K – 13/150ICBM-SBE

Content . . .

• About APEC

• Mission

• Vision

• Objective

• Purpose and goals

• APEC activities

• Achievements

• APEC’s Three Pillars

• Some important point of APEC

• Members of APEC

• Summary

ABOUT APEC ! !

Established in 1989 with 12 member countries in Canberra, Australia

It is a co-operative effort of 21 countries with a common goal of improving free trade

Headquarters of APEC is in Singapore

Cont. . .• It is the premier forum for facilitating economic

growth, cooperation, trade and investment in the Asia-Pacific region .

• Every year, one member country plays host to the meeting.

• APEC’s 21 members represent 41% of the global population, 49% of international trade and 56% of the world’s Gross Domestic Product (GDP).

MISSION OF APEC

To support sustainable economic growth and prosperity in Asia-Pacific region

To build a dynamic and harmonious Asia- Pacific community

Vision

• The 'Bogor Goals'  of free and open trade and investment in the Asia-Pacific by 2010 for industrialized economies and 2020 for developing economies.

objective

To sustain the growth and development of the world economy

To increase economic interdependence by encouraging the flow of goods, services and technology

To develop multi-lateral trading system

To reduce the barriers of trade in goods and services

Purpose and Goals

To strengthen the Asia-

Pacific community by

enhancing economic growth and prosperity

APEC works to establish” anti-“protectionist policies and reduces tariffs rate

Creates jobs and provides greater opportunities for international trade and investment

APEC Activities! !

• Managing Globalization.

• Creating new opportunities.

• Making APEC matter more.

• Action agenda for new economy

a) e-Commerce Readiness Assessment

b) paperless trading

c) building capacity in both people and

instruction

Achievements. . .

APEC achieved great improvements in the following four major fields:-

tariff reduction Non-tariff measures release Services Investment

In the Political and social areas, economies can equally exchange their point of view on the regional as well as world affairs, including security

Cont. . .

• In external, APEC created “open regionalism” instead of closed trading block

• APEC firmly support the multi lateral trading system

APEC’s Contribution to World GDP 1989-2003 (US$ billion)

Real and per capita GDP growth 1989-2003 (US$ billion)

APEC's Three Pillars

• Trade and Investment Liberalisation

• Business Facilitation

• Tran’s pacific strategic economic partnership agreement

a) P4 agreement

b) pacific 3 closer economic partnership

some important points of Apec

• APEC business advisory council

a) to achieve Bogor goal and other specific business sector priority

b) nominate 3 members

c) provide annual report

• Discussion of 2009 meeting.

Members of apec

Member economy   Date of accession    Australia 1989 Brunei 1989 Canada 1989 Indonesia 1989 Japan 1989 Republic of Korea 1989 Malaysia 1989 New Zealand 1989 Philippines 1989

Cont….. Singapore 1989

 Thailand 1989

 United States 1989

 Taiwan 1991

 Hong Kong, China 1991 People's Republic of China

1991

 Mexico 1993

 Papua New Guinea 1993

 Chile 1994

 Peru 1998

 Russia 1998

 Vietnam 1998

So We Have learnt. . .

• ABOUT APEC• Mission and vision• Objectives • Purpose and goal• APEC’s activities• Achievements• APEC's Three Pillars• Some important point of APEC• Members of APEC

CONCLUSION

Thank You ! ! !